Small businesses across the country have been pounded by the pandemic. Entrepreneurs have been forced to make drastic cuts and pivot to new business models to keep going. Financial aid, though, is what has kept the lights on.
But today, many sources, including private foundations and the federal government, that once offered loans and grants have either closed their financial aid programs or put them on hold.
The biggest player, the Small Business Administration’s Paycheck Protection Program (P.P.P.), shut down in August, and Congress hasn’t agreed to more aid.